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2016 November

November 30th, 2016 @ 2:44 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.0565 but closed higher at 1.0648 and hit 1.0660 earlier today. The bias is neutral in nearest term probably with a little bullish bias testing 1.0700 region. A clear break and daily close above that area could trigger further bullish pressure testing 1.0800/50 area. Immediate support is seen around 1.0620. A clear break below that area could trigger further bearish pressure testing 1.0565 area. Overall I remain neutral.

eurusdhourly

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November 30th, 2016 @ 2:41 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2525. The bias is bullish in nearest term testing 1.2600 area. Immediate support is seen around 1.2455. A clear break below that area could lead price to neutral zone in nearest term testing 1.2400 region but as long as stay above 1.2330 I still prefer a bullish scenario at this phase.

gbpusdh4

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November 30th, 2016 @ 2:37 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 113.33 but closed lower at 112.37. The bias is neutral in nearest term probably with a little bearish bias testing 111.50 support area. A clear break and daily close below 111.50 would expose 110.00 region. Immediate resistance is seen around 112.80. A clear break above that area could trigger further bullish pressure testing 113.30 region. Overall I remain bullish, but we need a clear break and consistent movement at least above 112.80 – 113.30 to continue the bullish scenario.

usdjpydaily

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November 30th, 2016 @ 2:34 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 1.0176 but closed lower at 1.0114 and hit 1.0106 earlier today. The bias is neutral in nearest term, probably with a little bearish bias especially if price able to make a clear break below 1.0100 testing 1.0000 support area. Immediate resistance is seen around 1.0150 followed by 1.0200. Overall I remain neutral.

usdchfdaily

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November 29th, 2016 @ 9:02 am by Muhammad Azeem

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11-29-2016 1-49-10 PMTrend is bearish in EUR/USD currency pair in fifteen minutes time frame. Short term resistance is present at 1.0685 price level. Based on Elliott wave analysis, I expect price action to complete bullish Wave 2 and then resume the down trend.

A good idea is to first wait for the price action to to print Wave 2 and then look for a possible sell trade to join the down trend in EUR/USD currency pair.

However; if price of EUR/USD currency pair closes a bullish candlestick above 1.0685 price level then I would stay out of the market and re-analyze the price action in EUR/USD 15minutes chart.

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November 29th, 2016 @ 4:20 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday formed a Doji on daily chart. As you can see on my H1 chart below, price slipped above the H1 EMA 200 but moving back below the EMA 200 suggests a limited/weak bullish pressure. The bias is neutral in nearest term probably with a little bearish bias. Immediate resistance is seen around 1.0625. A clear break above that area could trigger further bullish pressure testing 1.0685 or higher. On the downside, 1.0550 – 1.0450 region remains a key support and good place to buy with a tight stop loss. Overall I remain neutral.

eurusdhourly

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November 29th, 2016 @ 4:17 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term. Key support remains at 1.2330 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2435. A clear break above that area could trigger further bullish pressure testing 1.2500 area.  On the downside, a clear break and daily close below 1.2330 would activate my intraday bearish mode.

gbpusdh4

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November 29th, 2016 @ 4:13 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bearish momentum yesterday bottomed at 111.35 but closed a little bit higher at 111.91. The bias is neutral in nearest term, probably with a little bearish bias retesting 111.35. Immediate resistance is seen around 112.80. A clear break and daily close above that area could trigger further bullish pressure retesting 113.89 region. Overall I remain bullish, but only clear break back at least above 112.80 could eliminate the current bearish correction potential.

usdjpydaily

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